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Re: Hashed Timelock Agreements (HTLAs)

From: Evan Schwartz <evan@ripple.com>
Date: Thu, 22 Jun 2017 23:29:12 +0000
Message-ID: <CAONA2jXDVvGwoqKR_B7qsYh8joMe0MWDKfAN9QMiQwWuw7sO=Q@mail.gmail.com>
To: Ryan Fugger <arv@ryanfugger.com>
Cc: Interledger Community Group <public-interledger@w3.org>
I think the HTLA concept would be best used in explaining this to a more
blockchain-y audience (maybe even in an "Interledger for Blockchainers"
post?). I'd probably stick to talking about "conditional transfers" for
others but I'm open to suggestions!
We've been working a lot on ilp-plugin-virtual, which basically implements
the original trustline concept between two parties. Ben Sharafian is
currently working on a refactor that would allow the same plugin code to be
used for a trustline or payment channels. That'll make it easier to write
those plugins and easier for users to choose how they want to set up their

On Thu, Jun 22, 2017, 8:08 AM Ryan Fugger <arv@ryanfugger.com> wrote:

> On Wed, Jun 21, 2017 at 3:09 AM, Evan Schwartz <evan@ripple.com> wrote:
>> What do you think? Does HTLA get the point across? (If this idea seems
>> interesting or could use more explanation I could write up a full blog post
>> about it)
> I like this and think it gets the idea across effectively.  You should try
> it out on people whose brain isn't already filled with this stuff though to
> be sure.  Where were you thinking of using it?
> I've always liked the idea that any two parties can formalize their own
> settlement agreement and make it legally binding just by writing it up and
> signing it (on paper, with ink), or putting in an online service's terms
> for its users.  No fancy distributed ledger stuff needed. I think this
> could appeal to a whole swath of developers who are (rightly) intimidated
> by blockchains and smart contracts, especially if there's an easy-to-use
> little ILP library they can plug right in.

Evan Schwartz
Software Engineer
Managing Director of Ripple Luxembourg
<http:> <http:>
Received on Thursday, 22 June 2017 23:29:56 UTC

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